William Blair Comments on Stride, Inc.’s FY2024 Earnings (NYSE:LRN)

Stride, Inc. (NYSE:LRN) – Research analysts at William Blair lifted their FY2024 earnings per share (EPS) estimates for Stride in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $4.60 for the year, up from their prior forecast of $4.25. The consensus estimate for Stride’s current full-year earnings is $4.52 per share. William Blair also issued estimates for Stride’s Q4 2024 earnings at $1.34 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $1.67 EPS, Q3 2025 earnings at $1.73 EPS and Q4 2025 earnings at $1.41 EPS.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, April 23rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.13. Stride had a net margin of 9.29% and a return on equity of 18.29%. The business had revenue of $520.84 million during the quarter, compared to the consensus estimate of $507.89 million. During the same quarter last year, the firm earned $1.30 earnings per share. Stride’s quarterly revenue was up 10.7% on a year-over-year basis.

Several other research analysts have also issued reports on LRN. BMO Capital Markets increased their target price on shares of Stride from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley upped their price target on Stride from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Barrington Research restated an “outperform” rating and issued a $75.00 target price on shares of Stride in a research note on Wednesday. Citigroup lifted their target price on Stride from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Wedbush reissued an “outperform” rating on shares of Stride in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and an average target price of $72.00.

Stride Trading Up 1.1 %

Shares of LRN stock opened at $67.08 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of 15.73, a PEG ratio of 0.70 and a beta of 0.26. Stride has a fifty-two week low of $35.61 and a fifty-two week high of $69.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.44 and a current ratio of 4.29. The stock has a 50 day simple moving average of $60.45 and a two-hundred day simple moving average of $58.34.

Hedge Funds Weigh In On Stride

Large investors have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. grew its holdings in Stride by 348.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 578 shares of the company’s stock worth $26,000 after acquiring an additional 449 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Stride in the fourth quarter worth about $29,000. McIlrath & Eck LLC bought a new position in shares of Stride in the 3rd quarter worth approximately $31,000. Strs Ohio purchased a new stake in shares of Stride in the 4th quarter worth about $47,000. Finally, GAMMA Investing LLC bought a new stake in Stride during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.